Propel is an interesting crypto asset to add to your portfolio, especially if you believe in the growth potential of the overall crypto industry and critical sectors such as web3, DeFi, and the metaverse. Rising demand for dApps could increase developer interest in Propel’s infrastructure, supporting the $PEL price in the market. As more projects are developed and launched using Propel’s infrastructure, investor interest in its native token could increase. This, in turn, could boost the PEL price statistics. The Propel price could also benefit from positive sentiment in the crypto market. At such times, there is increased buying activity in the market, driving up the value of Propel token.

Although we cannot offer a reliable PEL price prediction over any timeframe, we could recommend some key factors that drive price action and volatility in the Propel token: Level of Adoption of Propel Platform Increased on-chain activity by developers and users of the Propel platform could support the value of PEL crypto. As more developers use Propel’s infrastructure to launch their dApps, the demand for the PEL token could increase among investors supporting the Propel crypto price. Future Developments in Propel Ecosystem News of the Propel team’s future partnerships, integrations, and investments could also drive investor interest in its native token. Such developments could also support the PEL to USD price in the crypto market. Overall Crypto Market Sentiment Market sentiment is crucial in determining price trends in the PEL token. A positive or bullish sentiment encourages buying activity, supporting the price of Propel crypto. On the other hand, a bearish or risk-averse mood among investors causes selloffs that weaken the PEL price.

$PEL is the native token of the Propel ecosystem and serves the following purposes: Utility Token of Propel PEL is used as the fundamental utility token across a portfolio of Propel products. It plays a central role in reward-sharing mechanisms, liquidity provision, and safeguarding the protocol.Decentralized Governance on Propel PEL token holders can participate in platform decision-making processes through native token governance. This means that users can signal their preferences or vote on proposals to influence the development and direction of the Propel platform.Staking to Participate in Launhpools and Earn Rewards Users can stake their PEL tokens to earn rewards and participate in Launchpools. In return, users receive rewards in the form of additional PEL tokens.Trade and HODL Propel (PEL) PEL tokens can be traded on both centralized and decentralized cryptocurrency exchanges. KuCoin is a popular exchange where you can buy or sell Propel, with PEL/USDT a popular trading pair on the KuCoin Spot Market.

Propel has formed partnerships with several leading projects in the crypto industry, such as Pontoon, TechRate, BlockSec, Oddz Finance, ZeroSwap, Acknoledger, and more.

According to Propel’s official documentation, the total supply of PEL is fixed at 100 million tokens. The token distribution is given below: 1. 25.6% of the PEL supply is reserved for ecosystem and marketing. 2. 20% of tokens have been allotted for rewards. 3. 20% was distributed among the Propel team. 4. 13% was issued during Propel’s private sale. 5. 10% of PEL tokens have been kept aside as reserves. 6. 6% of $PEL was distributed in the seed round. 7. 5.4% was allocated for Propel’s public sale.

The all-time high of PEL was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Propel (PEL) is 0. The current price of PEL is down 0% from its all-time high.

As of , there is currently 37.68M PEL in circulation. PEL has a maximum supply of 100.00M.

The current market cap of PEL is 0. It is calculated by multiplying the current supply of PEL by its real-time market price of 0.

The all-time low of PEL was 0 , from which the coin is now up 0%. The all-time low price of Propel (PEL) is 0. The current price of PEL is up 0% from its all-time low.

Propel (PEL) has a market capitalization of $0 and is ranked #10241 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Propel (PEL) price trends and patterns to find the best time to purchase PEL.